kipped Lexington Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1. Acquired $6,000 cash from issuing common stock. 2. Borrowed $4,400 from a bank. 3. Earned $6,200 of revenues. 4. Incurred $4,800 in expenses. 5. Paid dividends of $800. Lexington Company engaged in the following transactions during Year 2 Ask 1. Acquired an additional $1,000 cash from the issue of common stock 2. Repaid $2,600 of its debt to the bank. Print References 3. Earned revenues, $9,000. 4. Incurred expenses of $5,500. 5. Paid dividends of $1,280 What is the net cash flow from financing activities on Lexington's statement of cash flows for Year 2 Multiple Choice